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Home » US Air Force officer arrested for alleged NFT fraud – Art Newspaper

US Air Force officer arrested for alleged NFT fraud – Art Newspaper

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US Air Force officer arrested for alleged NFT fraud – Art Newspaper

In one of the first major NFT criminal cases to date, a US Air Force cyber analyst was arrested for his role in a “rug pull” scheme, in which a digital asset is promoted to dupe an investor before the project is killed.According to court documents, Devin Alan Rhoden promoted UndeadApes NFTs (a titular reference to the famous Bored Ape Yacht Club NFT suite) to an unnamed Air Force veteran in an UndeadApes channel on the social platform Discord. Under the username Deviinz, Rhoden falsely inflated the value of the average price of the NFTs, leading members to believe that the… 

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